Steel a break

The U.S. steel market may finally be settling down. Major U.S. structural steel producers significantly reduced mill prices effective June 8, according to the American Institute of Steel Construction. Through mid-2005, inventory of structural material is high and availability of structural steel is excellent from mills, warehouses and local fabricators. The inventory of structural steel last month exceeded 1 million tons and delivery to fabricators from warehouses can be accomplished in a matter of days. This is good news to aggregates industry manufacturers who rely on steel for the manufacture of their products, and have been hurt by high steel prices over the past year. Your comment?